Block Energy (BLOE) Stock Overview

An independent energy company, explores, develops, and produces oil and gas in the Republic of Georgia. More details

BLOE fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Volatile share price over the past 3 months compared to the UK market

Does not have a meaningful market cap (£13M)

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Block Energy Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Block Energy
Historical stock prices
Current Share Price	UK£0.0095
52 Week High	UK£0.019
52 Week Low	UK£0.006
Beta	-0.33
1 Month Change	0%
3 Month Change	5.56%
1 Year Change	5.56%
3 Year Change	-32.14%
5 Year Change	-64.49%
Change since IPO	-99.62%

Recent updates

Analysis Article • May 28

Block Energy (LON:BLOE) Is Carrying A Fair Bit Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Jun 13

Shareholders May Find It Hard To Justify Increasing Block Energy Plc's (LON:BLOE) CEO Compensation For Now

Key Insights Block Energy to hold its Annual General Meeting on 20th of June CEO Paul Haywood's total compensation...

Analysis Article • May 31

Here's Why Block Energy (LON:BLOE) Can Afford Some Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Oct 01

We Think Block Energy (LON:BLOE) Has A Fair Chunk Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Analysis Article • Aug 26

Block Energy Plc's (LON:BLOE) CEO Will Probably Find It Hard To See A Huge Raise This Year

In the past three years, the share price of Block Energy Plc ( LON:BLOE ) has struggled to grow and now shareholders...

Shareholder Returns

	BLOE	GB Oil and Gas	GB Market
7D	2.2%	1.5%	-0.1%
1Y	5.6%	37.3%	16.3%

Return vs Industry: BLOE underperformed the UK Oil and Gas industry which returned 38.6% over the past year.

Return vs Market: BLOE underperformed the UK Market which returned 16% over the past year.

Price Volatility

Is BLOE's price volatile compared to industry and market?
BLOE volatility
BLOE Average Weekly Movement	7.1%
Oil and Gas Industry Average Movement	7.2%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: BLOE's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: BLOE's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
2005	119	Paul Haywood	www.blockenergy.co.uk

Block Energy Plc, an independent energy company, explores, develops, and produces oil and gas in the Republic of Georgia. The company holds 76.5% indirect economic interest in the Ndjila and Mpari PSCs, as well as hold interests in 7 production sharing contracts. As of 31 December 2025, it has 9,731 barrels of crude oil inventory.

Block Energy Plc Fundamentals Summary

How do Block Energy's earnings and revenue compare to its market cap?
BLOE fundamental statistics
Market cap	UK£13.29m
Earnings (TTM)	-UK£1.88m
Revenue (TTM)	UK£4.52m

2.9x

P/S Ratio

-7.1x

P/E Ratio

Is BLOE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLOE income statement (TTM)
Revenue	US$6.06m
Cost of Revenue	US$4.17m
Gross Profit	US$1.89m
Other Expenses	US$4.41m
Earnings	-US$2.52m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0018
Gross Margin	31.19%
Net Profit Margin	-41.57%
Debt/Equity Ratio	7.8%

How did BLOE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/16 05:06
End of Day Share Price	2026/09/16 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Block Energy Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Block Energy (BLOE) Stock Overview

Risk Analysis

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Block Energy Plc Competitors

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Price History & Performance

Recent News & Updates

New minor risk - Share price stability

Block Energy Plc, Annual General Meeting, Jun 30, 2026

Full year 2025 earnings released: US$0.003 loss per share (vs US$0.001 loss in FY 2024)

Block Energy Plc has completed a Follow-on Equity Offering in the amount of £4.605713 million.

Block Energy Plc has completed a Follow-on Equity Offering in the amount of £0.049574 million.

Block Energy Plc has filed a Follow-on Equity Offering in the amount of £4.605713 million.

Recent updates

New minor risk - Share price stability

Block Energy Plc, Annual General Meeting, Jun 30, 2026

Full year 2025 earnings released: US$0.003 loss per share (vs US$0.001 loss in FY 2024)

Block Energy Plc has completed a Follow-on Equity Offering in the amount of £4.605713 million.

Block Energy Plc has completed a Follow-on Equity Offering in the amount of £0.049574 million.

Block Energy Plc has filed a Follow-on Equity Offering in the amount of £4.605713 million.

Block Energy Plc has filed a Follow-on Equity Offering in the amount of £0.15 million.

New minor risk - Financial data availability

Block Energy plc Announces Completion of CCS Pilot Study

New major risk - Shareholder dilution

Block Energy plc Provides Operations Update

Block Energy Plc has filed a Follow-on Equity Offering in the amount of £0.535705 million.

First half 2025 earnings released: US$0.001 loss per share (vs US$0 in 1H 2024)

New minor risk - Share price stability

Block Energy plc Completes Initial Injection of Co2 as Part of the Carbon Capture Storage Project

Block Energy plc Provides A Portfolio Update Covering Progress on Farmouts, Carbon Capture and Storage, Drilling Activity, and New Venture Opportunities

Block Energy Plc, Annual General Meeting, Jun 25, 2025

Block Energy (LON:BLOE) Is Carrying A Fair Bit Of Debt

Full year 2024 earnings released: US$0.001 loss per share (vs US$0.003 loss in FY 2023)

New minor risk - Financial data availability

Block Energy plc Announces Phase 2 Ccs Update

Block Energy Plc (AIM:BLOE) acquired 10% stake in XIQ Production Sharing Contract in Georgia of Georgian Oil And Gas Company Limited for $1.

New minor risk - Share price stability

First half 2024 earnings released: EPS: US$0 (vs US$0.001 loss in 1H 2023)

Insufficient new directors

New major risk - Market cap size

Shareholders May Find It Hard To Justify Increasing Block Energy Plc's (LON:BLOE) CEO Compensation For Now

Here's Why Block Energy (LON:BLOE) Can Afford Some Debt

Full year 2023 earnings released: US$0.003 loss per share (vs US$0.002 loss in FY 2022)

New minor risk - Financial data availability

Block Energy plc Announces Upgraded Internal Resource Estimates for Rustavi and Teleti Fields

New major risk - Share price stability

First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1H 2022)

We Think Block Energy (LON:BLOE) Has A Fair Chunk Of Debt

Block Energy plc Provides an Update on the Well Test of Wr-34Z

Block Energy plc Announces Completion of Drilling Operations on Well WR-34Z

Block Energy plc Announces Spud of Wr-34Z

Block Energy Plc, Annual General Meeting, Jun 20, 2023

Full year 2022 earnings released: US$0.002 loss per share (vs US$0.008 loss in FY 2021)

Block Energy Plc Appoints Ken Seymour as Chief Operating Officer

Block Energy plc Announces Results of Well JSR-01 DEEP Testing Programme

Block Energy plc Announces Drilling Update

Block Energy Plc Provides Operations Update

First half 2022 earnings released: EPS: US$0.001 (vs US$0.003 loss in 1H 2021)

Block Energy plc Announces Deepening of the JSR-01 Well Completes Safely

Block Energy Announces Resignation of William McAvockas Chief Financial Officer

Block Energy Plc Announces Drilling Update

Block Energy plc Announces the Results of A Competent Person's Report Covering the Krtsanisi Anticline Part of the West Rustavi and Krtsanisi Oil Field

Block Energy plc Announces Commencement of Project Ii of Its Three-Project Strategy, the Re-Development of the Patardzeuli Middle Eocene Reservoir, with the Drilling of Well Jsr-01Deep by September

Block Energy Plc, Annual General Meeting, Aug 03, 2022

Full year 2021 earnings released: US$0.008 loss per share (vs US$0.013 loss in FY 2020)

Block Energy plc Announces Production from Well Jkt-01Z Continues At A Current Rate of 310 Boepd, Comprising 182 Bopd and 21,800 M3 of Gas Per Day

Block Energy plc Announces Well and Operations Update

Block Energy plc announces Drilling Commence at JKT-01Z

Independent Non-Executive Director Charles Valceschini has left the company

Less than half of directors are independent

Block Energy plc Announces That Gas Sales from Well KRT-39, Located in Block XIB, Have Commenced

First half 2021 earnings released: US$0.003 loss per share (vs US$0.006 loss in 1H 2020)

Block Energy plc Announces Drilling Operations on Well WR-B1a Complete, Testing Commences

Block Energy Plc's (LON:BLOE) CEO Will Probably Find It Hard To See A Huge Raise This Year

Less than half of directors are independent

Employee Representative Independent Non-Executive Director Christopher Brown has left the company

Independent Non-Executive Director David Sandroshvili has left the company